Mathematics: Help huhu UwU huhu UwU

Help huhu UwU huhu UwU - id11766575, brittanysanders

rallen1158

08.03.2021

Step-by-step explanation:

I don’t really know how to explain sorry.

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khemphill4118

12.07.2022

Approximately $4946

Step-by-step explanation:

The compound interest can be determined by:

Compound interest = P $(1 + r)^{T}$

Where: P is the principal, r is the rate and T is the number of years.

Given that: P = $1000, r = 4% and T = 34 years, then;

Compound interest = 1000 $(1 + \frac{4}{100}) ^{34}$

= 1000 $(1 + 0.04)^{34}$

= 1000 $(1.04)^{34}$

= 1000 x 3.79431

= 3794.31

Compound interest ≅ $3794

The amount that would be in the account = Principal + interest

= $1000 + $3794

≅ $4794

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